If you’re considering the purchase of a franchise business, you had better be ready for a great deal of responsibility. What? You thought that just because you won’t be building your own startup business that it’s going to be easier? No. Not exactly.
In fact, when you decide to franchise a business, you are taking on the responsibility of someone else’s business. A company that they have built from the ground up. It’s their baby. And they are trusting motivated entrepreneurs like you to keep their vision alive.
Don’t let them down. Are you ready for that type of responsibility?
If so, check out today’s review on the Zoup! franchise opportunity. Zoup! is a small restaurant that serves incredible tasting soup, salads, and sandwiches. A restaurant that serves quality with a smile. Because, well, the customers deserve it.
There’s a world full of possibilities that are capable with this franchise. And it’s growing like wildfire. Are you going to be one of the lucky franchise owners that takes a piece of this pie? Or should I say, a bowl of this Zoup?
But wait. Not so fast. We have a lot to cover before you go ahead and make any crazy decisions. Not to say that this would be a crazy decision. Heck, after you read this, you may feel crazy if you don’t take this opportunity.
However, you have to get the details before you jump in. So, let’s take a look at this incredible company and find out what the details are for franchising with Zoup!
Zoupy Goodness
You know that warm fuzzy feeling that a bowl of delicious soup gives? Imagine having a variety of soups to choose from with recipes made of low-fat, vegetarian, dairy-free, gluten-free and even spicy ingredients.
Of course, each of those ingredients isn’t going to be put in every single soup. But you can bet your bottom that a chunk of fresh bread from the oven is served with each bowl of soup. It makes for the perfect hearty and healthy meal to enjoy for any meal of the day.
But that’s not all that Zoup serves. This establishment also creates made-to-order salads that are fresher than ever and sandwiches that are made to perfection.
Good soup is hard to find. But it’s even harder to find a soup that both tastes good and makes you feel good. Luckily for the customers of Zoup, they can feel comfort and warmth with these meals. Because we all know how important it is for a good soup to make you feel all warm and fuzzy inside.
That’s the whole point of soup anyway, right? Well, mostly anyway.
And wouldn’t it be great as a business owner to provide these feelings of comfort and warmth to the people in your community? That’s why I believe that this company makes a great franchise opportunity. Because it’s a restaurant that serves foods that are more for comfort. And everyone could use a little more comfort in their lives.
The Nitty-Gritty Details
There are many factors that you have to consider when checking out a franchise opportunity. The growth and turnover rate of a company can have a huge impact on a business. And sometimes it can give us clues to whether or not the company is in good health.
When it comes to the Zoup franchise opportunity, they have definitely seen some growth over the last few years. Which goes to say that this seems like a pretty popular business opportunity.
Back in 2010, there were around 20 franchise locations running for the company. But by the time 2017 rolled around, there was then a total of 100 operating franchise outlets.
And with an 8.17 turnover rate, it’s looking like this company may be in decent health. Although it’s hard to tell for sure unless we know the exact reasoning behind the turnover rate. In order to do that, it’s best to ask the company how many terminations, transfers, ceased operations, and non-renewals there has been. Also, find out the most up to date rate directly from the company.
I do have to say one really great thing about this company is that they offer their franchise owners a great level of financial transparency. When you purchase a franchise through Zoup, you will receive information on average revenue numbers that are broken into quartile, system-wide average revenue information, revenue details across the region, sales numbers from locations that are affiliate-owned, and a variety of other metrics that are related to this specific industry.
With all of that information, it’s a lot easier to run your business. And it’s extremely helpful considering that not every company will provide that much information.
Franchise Requirements and Fees
You may be starting to think that you’re really liking the idea of having this type of franchise business. They offer great benefits, including training to ensure that you know how to run the business comfortably. And the restaurant is friendly and fun. But at what cost?
There will always be fees and certain requirements that are expected of you when you franchise a business. Some may take you by surprise. But overall, when it comes to the Zoup opportunity, they are pretty much average.
The initial franchise fee for this company is just around $40,000. However, by the time you purchase all of your necessities and depending on the location, your total investment can be anywhere from $372,650 to $568,750.
And while they do not have any finance options available through the company, they do provide discounts if you purchase more than one location. You will also receive the territorial rights to that location as a franchise owner.
But there’s a couple more fees that you have to consider. The ongoing royalty and advertising fees. There is a 6% royalty fee and a 2% advertising fee for Zoup. These fees are paid based on your gross revenue and must be paid for your entire 5-year contract with the company.
Once your 5 years are up, you can then renew your agreement for another 5 years if you should choose. However, the cost of renewal is not documented.
Even still, this is a great length for an agreement term. It’s actually low for this industry. So it doesn’t leave much room for risk.
Zoup Out!
When you see an amazing business opportunity, it can be hard to pass up. Especially when it has everything you are looking for in a business. But what if there are some things that you just can’t wrap your head around? That’s a good question.
Many times when researching a franchise opportunity, you will find both pros and cons of the business. But, you have to personally tell that the positives outweigh the negatives. You also have to be sure that you meet the expectations and that the company meets yours.
It’s important to share the same values and passion that the company does. Because what they value is what their actual company has been built on. And for you to keep that dream alive, you have to be just as dedicated to the business as they are.
When it comes to the Zoup franchise opportunity, it’s easy to see that they have a pretty decent experience to check out. Everything seems to be healthy and in good shape. And there also doesn’t look like there would be a high risk. However, you now have to continue with your part by contacting the company.
If you feel that this opportunity is calling your name, then contact Zoup to have your questions answered. They can give you the full rundown of each statistic and number so that you can feel more confident in the reasoning behind the rates.
And if you’re still feeling pulled to this business after all of that, then hop on this opportunity and become the next franchise owner for a Zoup location in your area. We could all use a good soup that gives us that warm, fuzzy feeling. Why not be the one to provide that experience to everyone?